Following a report earlier this week suggesting Apple had considered purchasing Tesla, Tesla CEO Elon Musk today confirmed in an interview with Bloomberg Television that his company "had conversations" with Apple. Musk went on to say that he could not comment on whether the conversations had revolved around any kind of acquisition, but he did confirm that at the current time, an acquisition of Tesla seems "very unlikely."
If one or more companies had approached us last year about such things there's no way we could really comment on that. We had conversations with Apple, I can't comment on whether those revolved around any kind of acquisition.
News of Apple's meeting with Tesla first came to light over the weekend, when the San Francisco Chronicle reported Musk had met with Adrian Perica, Apple's head of acquisitions, and possibly Apple CEO Tim Cook. While the site speculated the meeting pertained to a possible acquisition, other sources have since suggested Apple may have been meeting with Tesla over iOS device integration in the company's electric cars or about a potential battery deal between the two.
As noted by The Los Angeles Times, Musk last month announced plans for a massive lithium-ion battery plant, which will be constructed in partnership with "some other companies." Tesla is expected to make an announcement about the plant later this month, and it's possible Apple, which uses lithium-ion batteries for many of its portable devices, could be involved in that venture.
When asked whether Tesla was for sale, Musk told the interviewer that an acquisition was unlikely because the company needs to stay "super focused" on its goal of creating an affordable electric car, though he did not rule out the possibility of an acquisition entirely.
If there was a scenario where it seemed like it would be more likely that we would be able to create the mass market sort of affordable, compelling car then possibly it would make sense to entertain those discussions. I don't currently see any scenario that would improve that probability, so that's why I think it's very unlikely.
Apple CEO Tim Cook recently said the company is open to making large acquisitions if it makes sense, but he has also said that Apple will focus on the very few products that "deserve all our energy." Apple currently holds nearly $160 billion in cash while Tesla has a market cap of approximately $24 billion.
I'd personally prefer to see Tesla make it on their own. They've done so much, and they have the potential to be another Apple-like company on their own.
So many innovative companies are being consumed by the current giants. That's not a bad thing, per say, but I'd just like to see some companies stick it out on their own.
Odds are these Apple / Tesla talks are about getting "iOS in the Car" designed into the next model years of Teslas. The Tesla X may be the first to ship with iOS in the Car.
They are local to Apple and don't have the decades of Not Invented Here that way too many automotive manufactures have towards their center electronic stacks.
Here's a wild thought: Elon Musk as the next CEO of Apple.
Elon's ambitions are much bigger than Apple's focus. While he might make a good CEO, I doubt he'd remain happy for long. The world is better off with Elon doing his own thing.
An Apple Watch Ultra user has modified their new device's casing to add a brushed finish and remove the orange color of the Action Button in an effort to make it more visually appealing.
The Apple Watch Ultra offers the first complete redesign of the Apple Watch since the product line's announcement in 2014, and while the design has been met with praise from many users, some have criticized...
Wednesday September 28, 2022 4:27 pm PDT by Juli Clover
The Dark Sky weather app that's owned by Apple is no longer available for download in the U.S. App Store, suggesting that it has been removed ahead of schedule.
Apple acquired Dark Sky back in March 2020 and has since incorporated elements of the app into the Weather app available on the iPhone (and soon, the iPad).
Dark Sky remained available for purchase as a standalone weather app...
Thursday September 29, 2022 7:44 am PDT by Juli Clover
The iPhone 14 Pro and Pro Max introduce some major improvements in camera technology, adding a 48-megapixel lens and low-light improvements across all lenses with the new Photonic Engine. We've spent the last week working on an in-depth comparison that pits the new iPhone 14 Pro Max against the prior-generation iPhone 13 Pro Max to see just how much better the iPhone 14 Pro Max can be.
Subscrib ...
Sunday September 25, 2022 2:27 pm PDT by Sami Fathi
A YouTuber has put Apple's claims for the durability of the Apple Watch Ultra to the test by putting it up against a drop test, a jar of nails, and repeated hits with a hammer to test the sapphire crystal protecting the display.
TechRax, a channel popular for testing the durability of products, first tested the Apple Watch Ultra by dropping it from around four feet high. The Apple Watch...
Thursday September 29, 2022 12:38 pm PDT by Juli Clover
Tony Blevins, Apple's vice president of procurement, is set to depart the company after he made a crude comment about his profession in a recent TikTok video, reports Bloomberg.
Blevins was in a video by TikTok creator Daniel Mac, who was doing a series on the jobs of people he spotted with expensive cars. After seeing Blevins in an expensive Mercedes-Benz SLR McLaren, Mac asked Blevins what ...
Monday September 26, 2022 6:23 am PDT by Sami Fathi
iPhone 14 Pro customers on the Verizon network in the U.S. are reporting issues with slow and unreliable 5G cellular connections and calls randomly dropping.
Several threads on Reddit (1,2,3) and the MacRumors forums chronicle issues faced by Verizon customers and Apple's latest iPhone. According to user reports, signal strength on the iPhone 14 Pro is unreliable and weak, while other...
Wednesday September 28, 2022 10:22 am PDT by Juli Clover
Apple has seen high demand for the 6.7-inch iPhone 14 Pro Max, which could lead the company to further differentiate the next-generation iPhone 15 Pro and Pro Max, according to Apple analyst Ming-Chi Kuo. Apple could add exclusive features to the iPhone 15 Pro Max in an effort to encourage more people to purchase the larger and more expensive device.
Kuo last week said that Apple asked...
Monday September 26, 2022 7:52 am PDT by Joe Rossignol
Earlier this month, Apple announced that iOS 16.1 will enable a new Live Activities feature that allows iPhone users to stay on top of things that are happening in real time, such as a sports game or a food delivery order, right from the Lock Screen. On the iPhone 14 Pro and Pro Max, Live Activities also integrate with the Dynamic Island.
Premier League match in Dynamic Island via Paul Bradford ...
Tuesday September 27, 2022 11:36 am PDT by Juli Clover
Apple today released new betas of iOS 16.1 and iPadOS 16.1 to developers, tweaking some of the functionality that's been introduced in prior betas and in the case of iPadOS 16.1, adding a major new feature to Stage Manager.
We've rounded up everything new in both betas below.
Wallpaper Updates
Apple has updated the Wallpaper section of the Settings app to allow users to swap between...
Monday September 26, 2022 7:34 am PDT by Sami Fathi
Today marks exactly two weeks since Apple released iOS 16 to the public. Besides the personalized Lock Screen, major changes in Messages, and new features in Maps, the update has also seen its fair share of bugs, performance problems, battery drain, and more.
After major iOS updates, it's normal for some users to report having issues with the new update, but such reports usually subside in...
Apple on September 12 released iOS 15.7 and iPadOS 15.7, delivering important fixes for multiple security vulnerabilities, including at least one that has been actively exploited.
Apple's latest mainstream iPhone models come in two sizes with A15 chip, car crash detection, satellite connectivity, and more. iPhone 14 is available now, while iPhone 14 Plus launches on October 7.
Following a report earlier this week suggesting Apple had considered purchasing Tesla, Tesla CEO Elon Musk today confirmed in an interview with Bloomberg Television that his company "had conversations" with Apple. Musk went on to say that he could not comment on whether the conversations had revolved around any kind of acquisition, but he did confirm that at the current time, an acquisition of Tesla seems "very unlikely."
Top Rated Comments
No. iBought. iDrive.
So many innovative companies are being consumed by the current giants. That's not a bad thing, per say, but I'd just like to see some companies stick it out on their own.
I'm not sure- But it WOULD prevent Facebook from buying them... :eek: ;)
They are local to Apple and don't have the decades of Not Invented Here that way too many automotive manufactures have towards their center electronic stacks.
Elon's ambitions are much bigger than Apple's focus. While he might make a good CEO, I doubt he'd remain happy for long. The world is better off with Elon doing his own thing.